COMPARATIVE ANALYSIS OF THE PRACTICE OF CHINA AND RUSSIA JOINING THE WTO

Objective: to examine the positive and negative experience of China's joining the World Trade Organization (WTO), that joined it on terms similar to the Russian ones, for the best understanding of the advantages and disadvantages of joining and building the appropriate policy.Methods: the objective of the work has been achieved through the application of both general and specific scientific methods. In particular, the analysis and synthesis allowed to study the social and economic context of the state in the framework of joining the WTO, the consequences of such membership, and to identify the key areas for improvement of this step for Russia. Statistical techniques were used in the process of gather- ing information about the key economic indicators. The fundamental method was comparative-legal, which made it possible to draw parallels in joining the WTO by various states.Results: basing on the measures taken by China, both before and after joining the WTO, as well as evaluation of their implication, the conclu- sion was made about its successful experience. The actions before joining were very effective. In particular, they are applicable to the fields of agriculture, automotive industry, investment policy, etc. The measures of non-address subsidizing, maintaining the socio-economic stability in the country, the export orientation of the economy, along with functioning of special economic zones with joint ventures, are, in the authors' opinion, constructive actions for Russia’s adaptation to the WTO.Scientific novelty: for the first time, the thesis is put forward about the similarity of the Russia and China conditions when joining the WTO. The analysis is made of the complex measures preceding and following the joining. The necessity is grounded of reflecting the China's positive and negative experiences in the Russian policy.Practical significance: the main provisions and conclusions can be used in the research activity, in addressing the issues of Russia’s economic development. Moreover, this work can form the basis for the development of recommendations for improving the actions of Russia in the frame- work of joining the WTO.

World Trade Organization, foreign trade, export-import operations, customs duty, customs tariff, China, Russia

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